RPT Realty with ticker code (RPT) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 14 and 10 with the average target price sitting at 12.18. Given that the stocks previous close was at 7.46 this would imply there is a potential upside of 63.3%. There is a 50 day moving average of 9.79 and the 200 day moving average is 11.73. The market cap for the company is $657m. Company Website: https://www.rptrealty.com
The potential market cap would be $1,072m based on the market concensus.
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company’s shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company’s retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the NYSE). The common shares of the Company, par value $0.01 per share (the common shares) are listed and traded on the NYSE under the ticker symbol RPT. As of June 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of June 30, 2020, the Company’s pro-rata share of the aggregate portfolio was 93.6% leased.
